“Neutral on Nifty, expecting it to remain range-bound between 23,600 and 24,400 in the near term due to underperformance of heavyweight stocks. However, a turning point may be emerging with FCNR(B) inflows potentially supporting stronger FPI inflows, which could be a positive catalyst. Prefers real estate, consumer durables, consumption, and select auto/auto-ancillary stocks over the next 2-3 months.”